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To: John Sikora who wrote (52422)9/12/1998 8:36:00 PM
From: Broken_Clock  Respond to of 58727
 
John...thanks for the great link.

here's a quote I picked up from one article..

"More pessimistic analysts caution against presenting plans for allocating a budget surplus
out of concern that the American public will expect such programs regardless of whether a
surplus ever actually exists. They consider surplus-allocation talks premature, maintaining
that all it would take is a slight economic recession to drive the budget deficit back up.
Policy makers should be concentrating on measures that would keep deficits from growing
again, those analysts say. Writing in the Wall Street Journal (February 3, 1998), George
Melloan warned, "If the American economy should slow this year, as many economists
predict it will, the government's revenues will fall and its spending needs will rise, as more
people seek the shelter of federal social programs. That surplus Mr. Clinton wants to spend
could evaporate in a month."

Again, one of my favorite proverbs...
"The borrower is slave to the lender".

I am not in favor of income taxes at all. I think all necessary services should be provided by tolls on roads, sales tax or other means. Import taxes would pay for military. We could bill oil companies for desert storm. -g-